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REAL credit card, not debit card

Posted: Tue May 15, 2018 1:07 pm
by that genius
Most Cambodian banks market 'credit cards' but in fact, they are the equivalent of western 'debit cards.'

They offer 90% of your balance, which means that you should just keep your money in your pocket because debit cards only allow a 90% limit on your balance. Great deal, right? Doh.

How do I get the equivalent of a western credit card here?

And which banks offer them?

Thanks in advance.

Re: REAL credit card, not debit card

Posted: Tue May 15, 2018 3:01 pm
by Heng Heng Heng
I was interested in getting a card with Canadia a few years back, but they wanted to hold a greater amount than the card's limit in an account that I couldn't touch, so I didn't go ahead. Maybe things have changed. Many things have.
https://www.canadiabank.com.kh/en/credit_card.aspx

Re: REAL credit card, not debit card

Posted: Tue May 15, 2018 3:49 pm
by cautious colin
I think the ANZ Royal platinum credit card is more like a western one, I was offered one recently but didn't fancy the $100 a year fee. Also need an account with them.

Free access to the airport lounge so maybe worthwhile for a frequent flyer & up to 50% off green fees, both not relevant to me

Re: REAL credit card, not debit card

Posted: Tue May 15, 2018 4:04 pm
by that genius
Thank you, colin.

Yeah, not crazy about ANZ's business ethics in the past.

Re: REAL credit card, not debit card

Posted: Tue May 15, 2018 4:46 pm
by rogerrabbit
that genius wrote:
Tue May 15, 2018 1:07 pm
Most Cambodian banks market ' credit cards' but in fact they are the equivalent of western 'debit cards'.

They offer 90% of your balance, which means that you should just keep your money in your pocket, because debit cards only allow a 90% limit on your balance. Great deal, right? Doh.

How do I get the equivalent of a western credit card here?

And which banks offer them?

Thanks in advance.
AEON's credit cards are proper credit cards. Not 100% if they give them to foreigners though. Basic card should be free, gold card has $25 or so annual fee.

Re: REAL credit card, not debit card

Posted: Tue May 15, 2018 5:03 pm
by that genius
But those cards are limited to AEON purchases, right?

Re: REAL credit card, not debit card

Posted: Tue May 15, 2018 5:25 pm
by rogerrabbit
that genius wrote:
Tue May 15, 2018 5:03 pm
But those cards are limited to AEON purchases, right?
No, they offer Visa credit cards that you can you use worldwide exactly like any western credit card. See more: http://www.aeon.com.kh/aeon-gold-card and http://www.aeon.com.kh/aeon-violet-card

Re: REAL credit card, not debit card

Posted: Tue May 15, 2018 5:52 pm
by that genius
Ah, thank you, interesting.

Do you have one? (I'm assuming you're an expat) Most of the references are to Cambodian citizens in the requirements info.

Re: REAL credit card, not debit card

Posted: Tue May 15, 2018 6:00 pm
by rogerrabbit
that genius wrote:
Tue May 15, 2018 5:52 pm
Ah, thank you, interesting.

Do you have one? (I'm assuming you're an expat) Most of the references are to Cambodian citizens in the requirements info.
Yes i have. At least 2017 they gave for foreigners too. I noticed also that website only have requirements for Cambodians and that why wasn't sure if they still give it to foreigners. If you live in PP, then just go AEON mall and ask. They have booth on all floors.

Re: REAL credit card, not debit card

Posted: Tue May 15, 2018 6:07 pm
by Heng Heng Heng
I think I remember something about foreigners having to earn an income of over $3000 per month.